Day: September 7, 2023

S. Korea, Philippines sign free trade deal

South Korea and the Philippines signed a free trade pact Thursday in a move expected to bolster bilateral economic and industry ties, Seoul’s industry ministry said.

The two nations concluded the bilateral Free Trade Agreement (FTA) in June 2021 aft…

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S. Korean Bond Yields on Sep. 7, 2023

Today (%) Previous Session(%) Change (BP)

1-year TB 3.568 3.514 +5.4

2-year TB 3.867 3.795 +7.2

3-year TB 3.847 3.765 +8.2

10-year TB 3.969 3.893 +7.6

2-year MSB 3.872 3.804 +6.8

3-year CB (AA-) 4.599 4.521 +7.8

91-day CD None None None

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Seoul shares down for 3rd day amid rate hike woes

Seoul shares ended lower Thursday amid investor concerns that the U.S. Federal Reserve may raise interest rates further this year following stronger-than-expected economic data. The Korean won fell against the U.S. dollar.

The benchmark Korea Compos…

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